Larsen & Toubro Limited informed that the General Tax Authority, Qatar (`the Authority') vide its Tax Assessment Notice dated April 3, 2024, has imposed a penalty of QAR 26,549,309 (~INR 608.4 Million) for tax period April 1, 2018 to March 31, 2019 for variation in the income as declared by the Company vis-à-vis the Authority's assessment. The Company will file an appeal against the levy of this penalty as the Company believes it is arbitrary and unjustified. The Company is of the view that the penalty levied is arbitrary and unjustified.

Hence it would be filing an appeal. Based on the Company's assessment and prevailing law, the Company is reasonably confident of a favourable outcome at the Appellate level. Hence, no material adverse impact is envisaged on the on financial, operations or other activities of the Company.